Jarvis: Historically, most economic expansions fade after this long. How confident are you that our economy won't slip back into recession in the near term?

Yellen: … I think it's a myth that expansions die of old age. I do not think they die of old age. So the fact that this has been quite a long expansion doesn't lead me to believe that … its days are numbered.

Yellen is wrong — and she has a lot of company. It is an amazing reality that, among economists, the faith in the...

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